SoundHound AI (SOUN)
Investors are flocking to SoundHound AI (NASDAQ:SOUN) after a rapid rise in share prices. With a 197% jump in just a month, SOUN’s future in the AI sector seems promising despite being a small-cap company with a $1.24 billion market cap.
Similar to Nvidia’s success in AI, SoundHound AI, backed by Nvidia, is venturing into voice recognition technology. Mizuho’s recent actions boosting SoundHound’s stock prices and Nvidia’s price target indicate a positive trajectory for the company.
Advanced Micro Devices (AMD)
While often overshadowed by Nvidia, Advanced Micro Devices (NASDAQ:AMD) shows potential in developing high-performance chips to challenge Nvidia in the AI space. AMD’s strategic plans to roll out new chips aimed at AI applications position them for market share gains if priced competitively.
With a diversified model encompassing enterprise solutions and a strong data center segment driving record revenue, any premium attributed to AI-related prospects could further boost AMD’s position in the market.
Palantir Technologies (PLTR)
Palantir Technologies Inc (NYSE:PLTR) has transitioned from a meme stock to a significant player in the AI sector. Surging valuation and robust financial results have propelled PLTR to near 52-week highs, marking it as a momentum play for investors.
Following impressive Q4 profits driven by the commercial sector, Palantir’s consistent GAAP profitability and optimistic projections position it as a stock that AI investors should have in their portfolios.
